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Employers’ Preference on Employability Skills of Business Management and Accounting Graduates Image
Journal article

Employers’ Preference on Employability Skills of Business Management and Accounting Graduates

Mismatch between the graduates skills and attributes with the industry needs has been a challenge for colleges and universities. Thus Higher education institutions (HEIs) constantly review the curricula to respond to the relevant human resource needs. This study assessed the employability skills preference of the 65 public and private organizations. The employability skills assessed were analytical, technology, communication, interpersonal, problem-solving and management skills, as well as formal accounting qualification, leadership, capacity for innovation and organization and commercial awareness. The results showed that the skills more preferred by the employers are leadership, communication and interpersonal skills. Conversely, the least preferred by the employers were found to be formal accounting qualification, technology skills and capacity for innovation. The study also established that there are differences on preferences by types of business in terms of communication and interpersonal skills. Future studies could address the different factors affecting the acquisition of each employability skill.
The Effect of Structural Change on Labor Productivity Growth and Employment in the Philippines Image
Journal article

The Effect of Structural Change on Labor Productivity Growth and Employment in the Philippines

Philippines is considered one of the fastest developing economies because of the growing service sector. This growth brought a significant change in the economic structure of the country which previously relied on the agricultural sector. This paper conducted a study about the significant impact of structural change on labor productivity growth and employment. The paper localized the decomposition analysis used in literatures to extract the share of “within” sector and “structural change” to total changes in labor productivity in the Philippines from 2004-2018, and Applied Pooled Least Square, to obtain the impact of structural change to labor productivity growth and employment. Based on Durbin-Watson test results, both Panel Regression Equation and Seemingly Unrelated Equation were utilized because there is no contemporaneous autocorrelation found in Pooled Least Square. Using Breusch-Pagan LM Test, Panel Regression is deemed more appropriate than Seemingly Unrelated Regression. Furthermore, the decomposition analysis showed that higher share of service sector in employment makes the contribution of “structural change” lesser to labor productivity growth due to labor market that becomes less flexible as service sector dominates the labor market because of higher skillsets needed by the sector. The regression analysis showed that structural change is a significant determinant of employment and labor productivity; structural change has a positive relationship to labor productivity due to the transfer of labor to high-productivity sector; and structural change has a negative relationship to employment because the employment brought by the structural change cannot be absorbed by the labor force because of skills mismatch.
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Selected Factors Affecting the Subsectors of the Philippine Agriculture: A Panel Regression Analysis Image
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Selected Factors Affecting the Subsectors of the Philippine Agriculture: A Panel Regression Analysis

The study examined the effects of exports to Gross Domestic Product (GDP), employment, and production loans granted in the GDP agriculture of the Philippines. This paper employed descriptive and quantitative techniques to analyze the behavior of GDP, production loans granted (PLG), exports to GDP (EGDP), and employment (EMP) from 2005 to 2015 totalling 33 observations of agriculture, forestry, and fishery sectors. Specifically, panel data analysis was used to assess the effects of APLG, EMP, GDPt-1 and AEGDPt-1 in GDP. The fixed effect model corrected from autocorrelation and heteroscedasticity, a one percentage unit increase in the exports to GDP, on the average, leads to Php 774.96 increase in the GDP, other things equal; and a one-unit increase in employment, on the average, leads to PhP23.55 increase in the GDP, other things equal; a one peso increase in the production loans granted lagged by one period, on the average, leads to Php 0.4760 increase in the GDP, other things equal. Using the fixed effect model, all the explanatory variables such as, exports to GDP, employment and production loans granted lagged by one period exhibited significant effect on the GDP agriculture. Hence, the model is considered satisfactory from statistical perspective. The results from the fixed effect model were consistent with the priori expectations that exports to GDP, employment and production loans granted lagged by one period positively affect the GDP agriculture.
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Employers’ Feedback on Job Performance of Hotel and Restaurant Management Graduates

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Is the Future of Green Enterprise Really Green? Assessment of Stakeholders’ Awareness on Green Enterprise

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